UAE Developers Invest Billions In Maldives Luxury Island Market
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In recent years, the Maldives has become a hotspot for luxury real estate investments, particularly from developers in the United Arab Emirates (UAE). With over $3 billion in investments planned through 2030, the Maldives is transforming from a tourism-only destination into a second-home market for the ultra-wealthy.
The Maldives has long been synonymous with luxury travel, attracting honeymooners and high-end tourists with its pristine beaches and turquoise waters. However, recent legislative reforms have introduced sectional ownership, allowing developers to sell individual villas and units to private buyers rather than leasing entire islands. This shift has opened up new opportunities for property developers experienced in building high-end destinations.
UAE-based developers are leading the charge in this real estate revolution. For example, Samana Developers has announced a joint venture with fashion house Elie Saab for a luxury development targeting completion by 2029. The project, named Samana Ocean Views, will feature 190 exclusive units, including beachfront villas, over-water bungalows, and poolside apartments. Click here to read more.